Making sense of the markets this week: May 29 May 28th

Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.

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Making sense of the markets this week: May 29

– moneysense.ca

Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.

Banking on boring profits

Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t often involve CEOs standing on stage making fantastic declarations about world-changing technology. They don’t often inspire forum posts about rockets going to the moon.

Canada’s big banks just churn out reliable streams of profits quarter after quarter.

Boring hasn’t looked good in a while. Boring looks pretty good these days. Here’s a chart, showing the adjusted earrings and direction of revenue plus dividend.

BankTickerAdjusted earnings & revenue directionDividendsBank of MontrealBMO.TOAdjusted earnings per share up to $3.23 from $3.13 last year, beat earnings prediction of $3.21, and revenue way up.Raised dividend $0.06.Bank of Nova ScotiaBNS.TOAdjusted earnings per share up to $2…

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